News Saipem wins two offshore projects worth $1bn in Saudi Arabia Italian oil and gas contractor Saipem has won two deals worth $1bn from Aramco, Saudi Arabia’s state-owned oil company. Both involve the installation of platforms in the waters of the…
News Chinese company agrees to invest in South Sudan oil refinery Chinese firm Shengli Oilfield Keer Engineering (Sokec) has signed a memorandum of understanding with South Sudan’s state-owned Nile Petroleum Corporation (Nilepet) to finance and build an oil refinery and storage…
News Africa’s first: Ghana breaks ground on $60bn petrochemical complex Fast-growing Ghana has broken ground on the $12bn first phase of the planned $60bn Petroleum Hub, set to be Africa’s first integrated petrochemical complex, local media report. Intended to capture…
News Former Trieste petrol refinery to become park powered by ‘water batteries’ Carlo Ratti Associati (CRA) has designed a masterplan for a 365,000 sq m seafront park on the site of a former oil refinery. The masterplan will open up a previously…
News China starts building huge underground oil store China’s national oil company has begun turning underground caverns into an oil storage facility able to hold 3 million cubic metres of crude oil in Ningbo, Zhejiang province. China National…
News Contractor picked to build Mongolia’s first refinery Indian contractor Megha Engineering and Infrastructure (MEIL) has been awarded a $648m contract to build Mongolia’s first greenfield oil refinery. The agreement was signed in Ulaanbaatar on Friday. The Hyderabad-based…
News Russia, China agree $690m facility to boost oil and gas trade Russian and Chinese companies have agreed a deal to invest $686m in a Siberian oil transhipment complex, the Reuters news agency reports.
News Work is completed on Canada’s first standalone bio-diesel refinery Work has finished on Canada’s first standalone renewable diesel refinery in Prince George, British Columbia. The US$290m scheme was built by Tidewater Renewables, which makes renewable diesel and green hydrogen.…
News MVRDV to turn former Chinese oil refinery into energy-neutral, mixed-use district Dutch architect MVRDV it to reconfigure a former oil refinery as an urban quarter for the southeastern city of Hangzhou. The plan is to make the 18ha Hangzhou Oil Refinery…
News Iran to try and overhaul Venezuela’s near-defunct refineries Iran’s national oil refining company has won a €110m contract to fix a Venezuelan oil refinery, and expects to sign a second deal worth €460m in the coming weeks, Reuters…
News Indian contractor to build Mongolia’s first oil refinery Hyderabad-based civil engineer Megha Engineering & Infrastructures (MEIL) has won a $790m contract to build Mongolia’s first ever oil refinery. MEIL will also build a pipeline and a power plant.…